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When is the pension increase for retired transport employees?
In this situation, the retired employees of the Tamil Nadu Transport Corporation have not been given any promotion for the last 105 months.
The transport associations have been demanding the Tamil Nadu government to take immediate steps to provide a raise to the retired employees based on the court rulings.
Therefore, reports suggest that the Tamil Nadu government will consider these demands and announce a good decision soon.
8th Pay Commission: The basic pay of central government employees is determined by fitment factor. Therefore, the fitment factor should be increased if the basic salary is to be increased. The government also increases the fitment factor only when setting up a new general pay commission. Due to many reasons, it is believed that the government will release the notification for the 8th Pay Commission very soon.
After the formation of 8th Pay Commission, there will be a huge increase in the salary of the employees. It is said that the salary increase for employees may be between 20% to 35%. It is said that the salary of Level 1 employees will be around Rs.34,560 and the salary of Level 18 employees will be increased to Rs.4.8 lakhs.
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